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5016 RIVER LAKE ROAD
About This Property
From the moment you arrive, a stamped-concrete walkway and charming covered front porch create a warm welcome, while the porch overlooks the peaceful marsh. Inside, the spacious split-bedroom floor plan provides privacy and functionality for both family and guests. The generously sized Great Room is the heart of the home, featuring soaring vaulted ceilings, a cozy fireplace, and custom built-in cabinetry that adds both character and functionality.
Elegant French doors open to a private tropical oasis, where lush landscaping surrounds the expansive patio and inviting pool area. The home features beautiful porcelain tile flooring throughout, along with handicapped-accessible doorways for added convenience and accessibility.
The well-appointed eat-in kitchen is designed for both everyday living and entertaining, featuring crisp white cabinetry, granite countertops, tile backsplash, and a convenient pocket door leading to the formal dining room. An updated stainless-steel appliance package, including a wall oven, makes meal preparation effortless. The large breakfast bar provides additional seating, while the cheerful breakfast nook offers picturesque views of the patio and pool.
The formal dining room is enhanced by elegant crown molding and a custom light fixture, creating the perfect setting for entertaining and special occasions.
The primary bedroom suite is a true retreat, offering generous space for a sitting area and direct access to the patio through a glass door. A spacious walk-in closet provides ample storage. The luxurious ensuite bath features dual sinks with white cabinetry, new light fixtures, a new matte-black gooseneck faucet with coordinating hardware, a large walk-in seated shower with glass enclosure, relaxing garden tub, and comfort-height toilet.
Step outside and discover the ultimate outdoor living experience. The sparkling pool and spa feature a cascading waterfall, creating a soothing and tranquil atmosphere. The expansive screened enclosure allows you to enjoy Florida's outdoor lifestyle throughout the year, while the fenced yard provides an ideal space for pets, barbecues, entertaining, and gatherings with family and friends.
Additional features include a dedicated laundry room with utility sink, washer and dryer, Ring doorbell, irrigation system supplied by a private well, double-pane windows, exterior flood lights, and a circular driveway. A second driveway provides ample room to accommodate a boat or RV. Recent major improvements include an architectural shingle roof (2023), water heater (2023), and HVAC system (2021). The two-car garage features a generator panel and garage door opener.
Ideally located in southeast Winter Haven, this exceptional property offers convenient access to schools, shopping, restaurants, and LEGOLAND Florida Resort, making it an ideal place to call home.
No HOA fees, a private pool and spa, spacious indoor and outdoor living areas, and room for a boat or RV-this exceptional Cypress Grove home truly has it all!
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 10, 2026 | In contract | - | |
| In contract | |||
| Sep 1, 2026 | Listed by CENTURY 21 MYERS REALTY LAKE WALES | $410,000 | |
| Listed by CENTURY 21 MYERS REALTY LAKE WALES | |||
| Jan 28, 2003 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017